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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Wright Reports
Provider: Directors Deals Ltd.

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Orascom Development Holding AG Establishes New Joint Venture

Monday, 4 Nov 2013 11:32pm EST 

Orascom Development Holding AG announced the establishment of a new joint venture with Abdelhamid Abouyoussef under the name of 'Orascom Hotels Management' (OHM) to asset manage the entire Group's hotels. The company will be 75% owned by Orascom Development and 25% owned by Abdelhamid Abouyoussef who will also be the Managing Partner of OHM.